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E-File Form 1098-T Online
A simple solution for educational institutions to file Form 1098-T and distribute
recipient copies.
Why Choose TaxBandits?
-
Supports Multiple Tax Years (2024,
2023 & 2022) - Easy and Secure Filing
- Pre-validate your return before filing with the IRS
- Get instant IRS status updates
- Easily deliver recipient copies via postal mail or online access.
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Form 1098-T: Key Insights
- Eligible educational institutions use Form 1098-T to report payments received for qualified tuition and related expenses. It must be filed for each student enrolled and for whom a reportable transaction occurs.
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Insurers must also file Form 1098-T for each individual receiving reimbursements or refunds related to qualified tuition and
related expenses.
1098-T Deadline for 2024 Tax Year
| Recipient Copy Distribution | Electronic Filing |
|---|---|
| January 31, 2025 | March 31, 2025 |
TaxBandits simplifies the filing of Form 1098-T with our Time-Saving Features!
What Information is Required to File Form 1098-T?
- 1. Filer Details: Name, EIN, and address
- 2. Student Details: Name, TIN, address, and account number
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3. Payment Details: This may include:
- i. Payments received for qualified tuition and related expenses
- ii. Adjustments made for a prior year
- iii. Scholarships or grants
- iv. Amount of scholarships or grants for the preceding year
- v. Amount of reimbursements or refunds of qualified tuition and related expenses
Are you ready to file your 1098-T? Get started with your free TaxBandits account!
How to E-file Form 1098-T Online with TaxBandits?
Start by selecting Form 1098-T from your Dashboard. With TaxBandits, you can file this form for the current and previous tax years.
Enter the required information on Form 1098-T manually or bulk upload through standard CSV templates.
You can choose how you'd like to distribute recipient copies—by mail, online access, or with the BanditComplete option, which offers both.
Review the information entered on Form 1098-T and make necessary changes if needed.
After reviewing the form, transmit the completed Form 1098-T to the IRS.
Ready to E-file Form 1098-T with the IRS?
Why Choose TaxBandits to File Form 1098-T?
Address Book
Add your payer and recipient details just once, securely store them, and access the information for future filings.
Internal Audit Check
Our advanced error-check system automatically audits your 1098-T forms for common mistakes to ensure they are error-free.
TIN Validation
Ensure accuracy by validating the TIN against the IRS database. This helps ensure you e-file Form 1098-T correctly.
Download Form Copies
TaxBandits offers a simple way to download and print copies of your transmitted 1098-T forms.
Recipient Copy Distribution
TaxBandits distributes 1098-T copies to recipients via postal mail or online access. portal.
Supports Multiple Tax Years
TaxBandits supports filing for current (2024) and prior year filings (2023 & 2022).
Success Starts with TaxBandits!
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Frequently Asked Questions on 1098-T
What is IRS Form 1098-T?
Form 1098-T is used by educational institutions to report to the IRS each student who paid qualified tuition and related expenses. Related expenses include tuition, fees, and course materials required for a student to be enrolled at or attend an eligible educational institution. Insurers must also file Form 1098-T for each individual that received a reimbursement or refund of qualified tuition and related expenses.
What are the Form 1098-T copies?
The IRS Form 1098-T has two copies, which include:
- Copy A is to be filed with the IRS
- Copy B is for the student
When is the deadline to file Form 1098-T?
January 31, 2025 is the due date to distribute copies of Form 1098-T to a recipient. If you choose to file by paper, the deadline is February 28, 2025 for the 2024 Tax Year. The Form 1098-T electronic filing deadline is on March 31, 2025.
What are the Form 1098-T penalties?
Failing to file Form 1098-T on time will result in potential penalties from the IRS. The penalties for Form 1098-T vary from $60 to $660, depending on when the return is filed and based on your business size.
